Whitecap Resources (TSE:WCP) Price Target Raised to C$21.00

Whitecap Resources (TSE:WCP) had its price target lifted by TD from C$18.00 to C$21.00 in a research report sent to investors on Friday,BayStreet reports. TD currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank Of Canada increased their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, National Bank Financial boosted their price target on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$18.82.

Whitecap Resources Stock Down 0.9%

Shares of TSE:WCP opened at C$18.54 on Friday. The stock’s 50-day moving average price is C$16.86 and its 200-day moving average price is C$15.82. Whitecap Resources has a 12-month low of C$10.08 and a 12-month high of C$19.08. The stock has a market capitalization of C$22.54 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$2.35 billion during the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. On average, equities analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a $0.0608 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 3.9%. Whitecap Resources’s dividend payout ratio (DPR) is currently 65.14%.

Insider Buying and Selling

In related news, insider Joseph Adam Wong bought 7,500 shares of the business’s stock in a transaction on Monday, July 6th. The stock was acquired at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the transaction, the insider owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their position. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were bought at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the completion of the purchase, the director owned 3,308,099 shares in the company, valued at approximately C$47,835,111.54. The trade was a 0.30% increase in their position. Insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.